GBP/USD 1.5034 - 6 May

GBP/USD Open 1.5065 High 1.5158 Low 1.4982 Close 1.5086

Pound/Dollar has maintained an upward trend since 23 April. Yesterday the currency couple also showed an increasing momentum and climbed to 1.5158, closing lower at 1.5086. Signals remain rising for the time being, and prices may test again the upper trend line. Short term resistance is yesterday's top at 1.5160. Break above this level may cause further bullish movement towards 1.5275 and 1.5400. Immediate support is at 1.4983. The CCI indicator is in the overbought zone and downwards of the 4 hour charts, indicating potential downward correction.

Technical resistance levels: 1.5160 1.5275 1.5400

Technical support levels: 1.4980 1.4860 1.4735

Trading range: 1.5020 - 1.5095

Trend: Upward

Buy at 1.5034 SL 1.5004 TP 1.5084

Today we made already +50 pips profit on GBP/USD from the following signal:

5:42 GMT+1 Buy GBP/USD at 1.5004 SL 1.4978 TP 1.5064 exited at 7:09 GMT

Today so far +164, yesterday +146, as shown at www.zifx.com/performance.php